PAYO Options History — July 2021

In July 2021, PAYO traded between $9.10 and $10.18. ATM implied volatility averaged 59.5%. The 30-day expected move averaged 17.0%. Max pain ranged from $10.00 to $10.00. Net GEX was positive for 12 of 12 trading days. Term structure was in contango for 2 of 12 days. Put/call ratio averaged 0.21.

Notable Days

  • 2021-07-22: Highest Volume — 8,099 contracts
  • 2021-07-19: Largest IV spike — 22.9% change
  • 2021-07-28: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.60$9.10$10.18$9.68$9.41
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV59.5%47.2%66.0%49.4%63.6%
Expected Move17.0%13.5%18.9%14.2%18.2%
Term Structure-4.3%-10.1%6.1%5.9%-4.9%
VWIV61.9%47.4%80.2%52.0%63.8%
Skew 25d-10.6%-25.6%-0.0%-15.7%-22.2%
Skew 10d-18.0%-40.4%-0.6%-26.0%-36.3%
Call IV 25d65.2%53.1%71.7%58.3%70.8%
Put IV 25d54.5%42.5%69.7%42.6%48.6%
Bid-Ask Spread %28.1717.5342.7024.4325.07
Gamma HHI0.310.230.740.740.28
Net GEX257.3K88.8K759.7K759.7K256.6K
Net DEX-6.4M-11.3M-1.1M-3.4M-7.8M
Net VEX-57.5K-65.8K-50.2K-53.9K-59.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.011.661.660.02
Total Volume2,639.754718,099929698
Total OI71,623.563,93285,26185,26174,481

Daily Data (12 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-15$9.68$10.0049.4%14.2%0.0%0.0%52.0%-15.7%5.9%759.7K-3.4M-53.9K1.6624.43N/AN/A34958068,57916,682
2021-07-16$9.41$10.0047.2%13.5%0.0%0.0%47.4%-10.6%6.1%88.8K-1.1M-50.2K0.0436.00N/AN/A4,35115968,60516,572
2021-07-19$9.10$10.0058.0%16.6%0.0%0.0%61.5%-3.5%-3.0%143.7K-2.6M-50.7K0.0329.11N/AN/A1,0033550,23113,701
2021-07-20$9.34$10.0056.0%16.1%0.0%0.0%68.6%-2.9%-0.9%149.8K-3.7M-51.8K0.0830.29N/AN/A1,62613150,32213,723
2021-07-21$9.82$10.0053.7%15.4%0.0%0.0%55.0%-0.0%-0.7%171.0K-6.0M-55.1K0.2221.65N/AN/A4,8831,07651,13113,648
2021-07-22$10.18$10.0059.4%17.0%0.0%0.0%60.1%-11.7%-9.9%222.6K-8.9M-59.0K0.0117.53N/AN/A7,99910053,38813,142
2021-07-23$10.14$10.0062.8%18.0%0.0%0.0%63.0%-7.2%-10.1%265.0K-11.3M-65.8K0.1939.47N/AN/A1,69433056,30713,212
2021-07-26$9.95$10.0065.8%18.9%0.0%0.0%65.9%-9.3%-7.9%257.5K-9.9M-61.8K0.0642.70N/AN/A2,83915956,30713,212
2021-07-27$9.61$10.0065.9%18.9%0.0%0.0%68.0%-16.9%-9.2%266.9K-8.5M-59.7K0.0219.28N/AN/A4601157,06512,957
2021-07-28$9.24$10.0066.0%18.9%0.0%0.0%57.8%-25.6%-7.6%250.0K-6.9M-61.0K0.1424.31N/AN/A1,95528260,06912,962
2021-07-29$9.31$10.0065.6%18.8%0.0%0.0%80.2%-2.0%-9.5%256.4K-7.1M-61.8K0.0228.21N/AN/A9421560,22512,961
2021-07-30$9.41$10.0063.6%18.2%0.0%0.0%63.8%-22.2%-4.9%256.6K-7.8M-59.5K0.0225.07N/AN/A6841461,47013,011